In recent media stories about the ongoing job gains across Canada, Alberta Central Chief Economist Charles St-Arnaud was quoted on what he expects the Bank of Canada to do at the next meeting.
In a Yahoo Finance article, he was quoted saying:
“However, the BoC made it clear that it will choose inflation in the tug-of-war between fighting inflation and avoiding a recession. As a result, we believe the BoC will hike its policy rate by 25 basis points at next week’s meeting, bringing it to five per cent, and then pause for the rest of the year.”
He was also quoted speaking on recent insolvency data in several online publications including 247financenews.com. Click on the links to read more!